Thomas R. Cutler Manufacturing Journalist Address COGS Reduction in Current Issue of Manufacturing & Technology Articles | June 22 Mattias Ekholm Olympics Jersey , 2006
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According to leading manufacturing journalist Thomas R. Cutler in the May issue of Manufacturing & Technology, COGS reduction is one of the fundamental drivers of a lean manufacturing initiative. Used to measure the ongoing success of lean manufacturing, it fundamentally captures material, labor, overhead and tooling costs. However Henrik Lundqvist Olympics Jersey , COGS reduction should not be thought of as a phase in a lean manufacturing process initiative.
If lean manufacturing initiatives are reducing COGS, manufacturers must be able to accurately measure and manage costs in real time. Only real-time, predictive cost estimates can reliably be used to validate lean initiative decisions and guide corrective actions throughout all the processes of engineering, planning and production, sourcing Robin Lehner Olympics Jersey , quality control, program management and production delivery.
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